In the quest for energy sources that reduce carbon emissions to stave off global warming, geothermal energy is coming into the spotlight—and it should. Virtually limitless, “always on” and widely available across all 50 states, geothermal resources offer a tantalizing opportunity to provide affordable, carbon-neutral electricity, heating and cooling for every American without disrupting our economy.
Several thousand feet below the Earth’s surface, rock can reach temperatures that exceed 300 degrees Fahrenheit. Passing fluids through the rock at this temperature harvests enough heat to spin turbines and generate electricity. Enhanced geothermal systems are a promising technology that could make this energy source available. As demonstrated by Reykjavik, Iceland, smart use of geothermal can dramatically improve air quality while also reducing heating and cooling bills.
Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.